When you are a sports bettor, one of the top rules is to make sure you are doing your job in maintaining good sports betting bankroll management online. What does this mean? Let’s take a look at a few keys when it comes to good online sports betting bankroll management.
Set Realistic Sports Betting Goals
Set a goal if you are serious about online betting. Whether betting daily or weekly set rules and follow them. Set goals on what you would like to do at real-money sports betting sites. Is it just going to be a hobby, or do you want it to be your living? Be forewarned, you have to be good for it to be your living. Winning half of your wagers right on games right does not win money at online sports betting!
If you are betting on sports online as a hobby – how much are you willing to lose? Know this per day, per week, per month, and per year, and STICK with it. DO NOT let yourself get off this. This is where sports betting can potentially become problematic and even addictive. If you have the money and are willing to possibly part with it – set a realistic amount of losses you can be happy with the entertainment value of and don’t from the guidelines and rules you set for internet betting limits and bankroll guidelines.
Don’t Bet Too Many Units On Any Single Wager
It’s easy for anyone to get attached to a game or have a hunch but, remember, successful sports betting is very difficult, and the result of a game is very unpredictable! Be sure to come up with a “unit” bet and keep it. The best way to make a lot of money is to just bet the same amount or increase it a “unit or two”. The rule of thumb for an internet sports bettor is just 1 or 2% of your sports betting bankroll. It may sound tiny, but will help you in the long term! Units should keep you disciplined in your online betting action. Stay disciplined!
Analyze Each Real Money Bet Carefully
Before you pull the trigger on any real money sports bets online, be sure to analyze the entire bet and ask yourself “Should I do this?” If you don’t ask yourself that, you may be pulling the trigger just because you want action. So look at the bet and figure out if it is worth it.
For example, if I told you, I would give you $20 if you could run a 100-yard dash in less than 8 seconds, but you had to pay me $30 if you didn’t make it, would you take the wager? Think about it in those terms. For example, do I think the Bears can beat the Packers? And then, is the $10 I am wagering worth it, to win $11?
Final Sports Betting Bankroll Management Tips
Be sure to stay disciplined when sports betting online for money. Do not go off your original plan, but do not be afraid to adjust your plan according to your success/failure within sports betting. All in all, the best way to practice good online betting bankroll management is – to be smart disciplined, and do your homework!
